Page 22 - Mining Weekly News Today

Let’s give energy sovereignty to the world. Renewable energy is everywhere. Every country can produce it. Now is the time to capture it, and have full energy freedom, enthused Fortescue Metals Group nonexecutive chairperson Andrew Forrest, while being interviewed by CNN anchor Christiane Amanpour. “The world does have a choice. It's green energy, green ammonia, and green hydrogen. These are all made from renewable electricity and can answer 100% of the global economy's ener...

The equivalent of a Koeberg power station is arising in the form of new largely mining-linked private-sector solar power photovoltaic projects across Southern Africa, according to AmaranthCX director and founder Paul Miller, whose company is working on the second edition of its electronic map of the utility scale power projects in the region, where there has up to now been an absence of particularly non-technical data required for investors, financiers and traders. “Increasingly, the more ...

Pilanesberg Platinum Mines, a subsidiary of Sedibelo Platinum, has appointed the juwi/Sturdee Energy consortium as preferred bidder to supply renewable energy to the mining operation. The parties have signed a memorandum of understanding and will now commence negotiations towards a power purchase agreement (PPA), the company stated in a release to Mining Weekly.

The platinum surplus in 2021 is forecast to reduce by 47% in 2022 as Covid-related and operational disruptions gradually settle, the World Platinum Investment Council (WPIC) states in its Platinum Quarterly. Covering the fourth quarter of 2021, along with a full year review of 2021 and revised forecast for 2022, the WPIC's Platinum Quarterly states that Covid--related factors and operational disruptions played out particularly during the second half of 2021, having a huge impact on both the...

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The decarbonising of the global economy to prevent climate change is going to create the greatest investment opportunity of our lifetime. It will also leave behind the companies that do not adapt – regardless of what industry they are in.

Gold mining company Harmony Gold is in the process of spending R7.7-billion on capital projects. The biggest of these is the high-grade Zaaiplaats gold project at a capital cost of R4.5-billion. The Moab Khotsong mine will expand through Zaaiplaats.

The net profit of gold mining company Harmony Gold plunged 69% to R1.4-billion from R4.6-billion in the six months to December 31, and an interim dividend has been declared out of income reserves. Revenue increased by 2% to R22-billion from R21.6-billion and  the operating free cash flow margin halved to 11%, the Johannesburg- and New York-listed company stated in a Stock Exchange News Service announcement.

New Kumba Iron Ore CEO Mpumi Zikalala this week gave a firm thumbs up to South Africa’s biggest iron-ore mining and marketing company continuing to invest in mineral exploration in the Northern Cape, which she described as being highly prospective. The Johannesburg-listed Anglo American group company has spent R1.5-billion on high potential targets in the last ten years to good effect. Kumba has, over the last eight years, been exploring in the Northern Cape, where it has identified anomal...

South Africa’s major iron-ore producer and marketer Kumba Iron Ore is fast-tracking solar power permitting and looking to wind energy, it is discussing the use of green hydrogen with particularly European customers, and it foresees relatively strong iron-ore prices continuing in the short term as well as good premium prospects for its lump ore, which makes up two thirds of Kumba production. On the company’s renewable energy generation plans, new Kumba CEO Mpumi Zikalala said in respo...